Fixed Income Structurer

Citi; New York (NY); Hybrid; USD 200,000 - 300,000; Full time

Benefits offered by this job

Hybrid work arrangement (3 days in the

in-office and 2 days remote)

Medical, dental & vision coverage

401(k) retirement plan

Paid time off

Wellness programs

Life, accidental & disability ins.

Job summary

Citi is seeking an experienced structurer to join its Fixed Income Structuring team in New York. The role blends client advisory, quantitative analysis, and product development to design and deliver innovative derivatives solutions for corporate and investor clients.

You'll collaborate with sales and trading, model payoffs, perform risk and P&L analysis, and help bring ideas to market while upholding Citi's governance and reputation.

Qualifications

• 6 to 12 years of structuring experience within a financial institution, focused on fixed income or derivatives.
• Deep technical knowledge of complex derivative products, their features, risk characteristics and pricing.
• Quantitative and analytical capability to model payoffs and run risk scenarios.
• Ability to translate client needs into structured financial solutions with cross-functional collaboration.
• Clear written and verbal communication to present ideas credibly to clients and stakeholders.
• Bachelor's degree or equivalent qualification in a relevant field.

Responsibilities

• Structure and price interest rate derivative solutions for institutional clients.
• Identify commercial opportunities and develop new trade ideas with sales and trading.
• Model payoff structures and conduct risk and P&L analysis.
• Build back-tests and quantitative analyses for client pitches and portfolio reviews.
• Drive pre-trade and post-sales activity with client-ready materials and presentations.
• Collaborate with Legal, Compliance, Market Risk, Credit Risk, Finance and Audit for governance.
• Assess risk/reward of transactions with integrity and Citi's reputation in mind.

Skills

Structuring experience

Fixed income knowledge

Derivative pricing

Quantitative modeling

Client advisory

Communication skills

Education

Bachelor's degree or equivalent

Master's degree in quantitative/finance

Job description

Citi is looking for an experienced structurer to join its Fixed Income Structuring team, where you will design and deliver innovative solutions for corporate and investor clients across rates and credit. This is a high-impact role at the intersection of client advisory, quantitative analysis, and product development, working in close partnership with sales and trading to bring new ideas and payoffs to market. You will act as a recognized subject matter authority within the team, shaping client strategies and contributing directly to the commercial performance of Citi's fixed income franchise.

This role is posted at the Director level; however, we welcome applications from candidates at the Vice President and Associate Vice President level who demonstrate the right blend of experience and ambition.

Responsibilities

• Structure and price interest rate derivative solutions for institutional clients, balancing client objectives against market risk, counterparty credit risk, funding, and capital considerations.
• Identify commercial opportunities within the space and develop new trade ideas and payoffs in partnership with sales and trading colleagues.
• Model payoff structures and conduct risk and P&L analysis to evaluate and support the delivery of new products through internal approval processes.
• Build customized back-tests and quantitative analysis to support client pitches, transaction decisions, and ongoing portfolio assessment.
• Drive pre-trade and post-sales activity by working closely with institutional sales teams to develop client-ready materials and lead client-facing presentations and meetings.
• Collaborate with Legal, Compliance, Market Risk, Credit Risk, Finance, and Audit functions to maintain robust governance and controls across all structured transactions.
• Assess the risk and reward profile of transactions with integrity, ensuring sound judgement and consideration for Citi's reputation in every business decision.

Required Qualifications & Skills

• 6 to 12 years of structuring experience gained within a financial institution, with a clear focus on fixed income or derivative products.
• Deep technical knowledge of complex derivative products, including their features, risk characteristics, pricing mechanics, and client applications.
• Quantitative and analytical capability, with the ability to model payoffs, run risk scenarios, and draw actionable conclusions from complex data sets.
• Demonstrated ability to translate client needs into structured financial solutions, working collaboratively across sales, trading, and control functions.
• Clear and concise written and verbal communication skills, with the ability to present complex ideas credibly to both clients and internal stakeholders.
• Bachelor's degree or equivalent qualification in a relevant field.

Beneficial Skills & Qualifications

• Experience structuring corporate derivative solutions across both rates and credit, with a track record of client-facing delivery.
• Exposure to securities financing structures such as repo or total return swaps.
• Familiarity with repack structures, particularly in the context of US insurance client mandates.
• Exposure to structured notes, with specific experience in credit linked notes.
• Master's degree or postgraduate qualification in a quantitative or finance-related discipline.

What We Offer

At Citi, you will work alongside experienced professionals in a high-performing team that operates at the forefront of fixed income structuring. This role offers the depth and breadth of a global franchise, with real commercial ownership and the opportunity to develop client relationships across the corporate derivatives space.

• A hybrid working arrangement of 3 days in the office and 2 days working remotely, giving you flexibility alongside team collaboration.
• Exposure to a broad range of structured products and client types, deepening your expertise across rates, credit, and securities financing.
• The opportunity to work directly with senior sales and trading partners, giving you genuine commercial influence within the fixed income business.
• Access to Citi's global network and resources, enabling you to develop ideas and bring products to market at scale.
• Ongoing learning and professional development support to help you grow your technical and client advisory capabilities.
• Competitive compensation and a comprehensive benefits package, including financial wellbeing and family support programs.

Location

Primary Location: New York New York United States

Salary

Primary Location Full Time Salary Range: $200,000.00 - $300,000.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Equal Opportunity Employer

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View Citi's EEO Policy Statement and the Know Your Rights poster.